Thursday 16 April 2015

Otmane El Rhazi : Walsh says Rio Tinto to continue with low-cost iron-ore expansions

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.



Diversified giant Rio Tinto has told shareholders that the group will continue to push with its iron-ore expansion in the Pilbara, despite the declining iron-ore price. CEO Sam Walsh said in London this week that the company would continue with a low-capital brownfield expansion as part of its efforts to grow capacity to 360-million tonnes a year.

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